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and biden want to raise taxes by a trillion dollars, guess what? yes, we do in one regard. we want to let that trillion dollar tax cut expire so the middle class doesn't have to bear the burden of all of that money going to the super wealthy. >> so, are promises of massive tax hikes, taxing the jobs market? hi, everyone, i'm brenda buttner, this is bulls and bears, here they are, bulls and bears this week, gary b smith, tobin smith, jonas max ferris, along with julian epstein and larry, talk about future tax hikes, holding back a jobs recovery? >> that's right, that's right, brenda. well, you know, certainly for consumers that are work being that have 401(k) plans they may be feeling more confident these days, but their employers don't share the optimism. they're worried what's ahead and what's ahead are future tax increases, for small business owners still, these are people that own delis and dry cleaners and pave your driveways, not fat cats and million fairs and billionaires, they're average work people and concerned about the environment. and national independent business owners a rec
buried. >> how they can justify raising taxes on the middle class that is buried for the last four years. >> they are buried by regulation and taxes and borrowing and they are buried by the obama administration's economic failures. >> is the republican vice-presidential nominee right? hello, i am cheryl casone and welcome to cashin! we have wayne and johnathon and tracey and along with lloyd weber. you heard him the middle class getting buried. you agree with that? >> there are so many little taxes that we never paid before. middle class gets slammed by the federal tobacco tax and tax on manufactured drug companies. and any corporate taxes that increased came down to the prucks we purchase and laugh about the tanning tax, but that comes out of the wallets of the middle class . jersey maybe more so. it is money i don't have in the end of the day. >> all right, johnathon, what do you make of this? the last four years middle class and according to mr. biden, that -- >> i reject the notion that it is government's role to help the middle class or any class. joe biden came in years ago with mi
for our debate warm-up. is from the getting more specific about the tax plan? we think so. we have the details. welcome to "the willis report." hello, everybody. i'm gerri willis. tonight is the night. obama versus romney. this same stage. the expectations are sky-high. it seems like all obama had to do is show up. with more on this neil cavuto from denver. can romney meet these expectations? >> they are high expectations. the pressure is on him because of these polls. i often think that a lot is put on the challenger. sometimes he can benefit by showing up and sharing the stage with the president of the united states. already on equal footing with him in that respect. he does have the advantage of a dicey economy going forward. the president's supporters say it is not as it had been, and there is some economic news today that portends may be the worst is behind it. but i agree with that. if you want to be in game changer this is the night. and no one doubts the earlier point. he has the smarts. does he have the passion to deliver? the fact that he tipped his hand a little bit on h
is president for america's for tax reform. welcome back to the show. a pleasure to be with you here. >> great to be with you. gerri: they want more in taxes, cutting in spending. with friends like these, who needs enemies, grover? how do you react? >> read today's "new york times," there's an article about the idiot rich businessmen in france who raised taxes a little bit and cut spending and elect the socialist president of france who is now raising their personal income taxes to 75% and their capital gains taxes to 60%, and these very, very smart businessmen who brought this on themselves are running for the borders. gerri: nobody's suggesting that here. in fact -- >> they were not in france either. gerri: even mitt romney in the debate said why not bowles-simpson? it's a balanced approach. you're not in favor of it. >> of course not. he was talking about what simpson bowles says it wants to do sometimes which is restrain spheppedding and have revenue neutral reform. if you read the fine print of simpson-bowles, it takes taxes from 18.5% of gdp, its normal for the last 30 years, to it 2* #
. governor romney has a perspective that says if we cut taxes, skew towards the wealthy and roll back regulations that we'll be better off. i've got a different view. i think we've got to invest in education and training. i think it's important for us to develop new sources of energy here in america, that we change our tax code to make sure that we're helping small businesses and companies that are investing here in the united states, that we take some of the money that we're saving as we wind down two wars to rebuild america. and that we reduce our deficit in a balanced way that allows us to make these critical investments. now, it ultimately is going to be up to the voters, to you, which path we should take. are we going to double down on the top-down economic policies that helped to get us into this mess, or do we embrace a new economic patriotism that says america does best when the middle class does best? and i'm looking forward to having that debate. >> moderator: governor romney, two minutes. romney: thank you, jim. i'm pleased to be at the university of denver, appreciate thei
and republicans can agree. we need to simplify the tax code, we need to reform the regulatory state, these are things that will help business across-the-board. neil: it comes at a time when ceos are hedging their bets right now. economists might be in that area to prove to me that things will get better kind of group. what are those in the know, who follow earnings, who follow trends, what are they telling you? what is it that all of you are saying that maybe a lot of folks are missing or even appreciating? >> we have to recognize higher taxes and more spending by a government is not going to work going forward. candidate obama right now for the next four years, about lowering the deficit. every now and then, there has been no wish to do it, no move to do it come until somebody gets undone,. neil: here's another question talking about economist. what if it's worse than they think it is. what we are headed into another recession. as gary pointed out, they are very at the least warning of a slowdown. not exactly robust demand here. but what if it is bigger than those who have been not
momentum could be lost because of joe biden obama biden want to raise taxes by $1 billion. guess what? yes we do we want to let the $1 trillion tax cut expire so the middle-class does not have to bear the burden. charles: mitt romney does not waste any time. >> is today the president said they do want to raise taxes. i don't want to raise them on any americans. i want to create good jobs. charles: mondex guess says the higher tax rates will lead to higher unemployment rates. with class warfare it does not matter the residual damage they're going with this. hoping the public cannot connect the dots? >> it will be interesting hallwood joe biden follows up. $1 trillion tax hike where we want to go. four years ago they told us no tax increases on 81 making less than $250,000. the economy is languishing worse where looking for more tax hikes and four years ago it was zero tax hikes? we have all been hit now we know how the middle-class and people will be affected. obamacare has at least seven pin tax hikes and 30 more on top of that. charles: we discover a couple more every month. [laughter] bu
's. >> the people out there who are working every day you're not getting a tax cut, and you want to give them more. stock like you want to close the loopholes. you just want to add an additional tax cut over the loopholes, and that is a problem. neil: that was then. four years later clearly not as energized now. >> let's talk about taxes because i think it is instructive. now, four years ago when i stood on the status said that i would cut taxes for middle-class families. neil: the president is losing steam on stage. already fragile base. this is the basis that if you think about a, already arranged its inaugural in bites. what happens now? >> well, i talked to a couple of liberal voters last night. they said they were really disappointed in the president because there were opportunities , or at least they believe there were opportunities for the president to be aggressive and she back. egested not take advantage of them. so as a result of this debate as you mentioned earlier the race has changed a little bit. we will see there are three more debates left, two between the president of between the
was surprising was how much time mitt romney spent on the defensive tonight over his $5 trillion tax cut for millionaires and billionaires. he can't explain the budget math. that tax cut for millionaires and billionaires -- neil: he said it's not $5 trillion by the way. here's my thought. i don't know who's right, by the way, but i have a question for you. how does that register back to average folks at home? is to, is not, is to, is not. does that leave folks confuse the like what the hell is this? >> well, you've seen the polling, the "wall street journal" nbc poll last week saying the american people side with the president on taxes, and they think it's crazy mitt romney is raising taxes on the middle class family with kids di $2,000 to pay for $5 trillion tax cuts on millionaires and billionaires. neil: well, he said that's not the case. i know where we go on this. do you think the president's blows were as many as romney's blow? i mention this because they go through, we'll give the president points on how he got -- how romneycare, it's a slippery slope, distinguishing it from the n
, going so far as to reform the tax code, everything you want. do you think that's what's going to happen? >> i think that could happen, regardless who is president because the markets are going to begin to rattle their chains, it will be like a dungeon, say, look. >> why haven't they rattled? >> they're waiting for this to pass. >> anything could happen. >> they look at america as some the stupidest people on earth if they're going to let go over the cliff when you have a mindless sequester of 600 billion on defense, 600 billion with an ax, they're going to say you're dysfunctional and we want more money for our money and inflation kicks up and the guy that gets hurt the worse, the little guy that everybody talks about day and night. >> a funny thing happened on the way to the debate. neither candidate getting a question on that fiscal cliff. and so, if they are talking about it, as a time for taxpayers to start worrying about it? to ben stein, gerri willis and ben stein and charlie gasperino. >> people have to figure 0 this out. 90% of american households here are going to find some kin
policies indeed. one the state is highest gas tax of any in the nation. two, refining costs are highest in the nation, due to air quality standards, 3, state has insufficient pipeline connection to western oil and gas market that makes the disruption owono. >> looking at obama administration, policy for policy they are doing the same thing. liz: including cap and trade, governor jerry brown said, i will allowance earlier release of winter blend into the gas supply of california, do you think that will move the needle? >> 50-cents is far too large, platts reported this morning, media reports that blenders and refiners in california were already making that adjustment. so, no, that is not moving the needle. if i might just add, the four policy that obama administration is pursuing one gh greenhouse gas regulation. that will raise gas prices, two. he will make refining more expensive with epa pending tier 3 su sulfer control, three the keystone pipeline that was rejected. and four the president continues to refuse to allow oil and gas development off of the coast. liz: oil was going down
not raising taxes and essentially reducing the regulatory burden, but as you know, and the president said it, but it's true, the president's plan as well, there are not a lot of specifics here so it is a little hard to kind of pin down exactly what each of these candidates is going to do. but i think the general view is less government basically. let the free market do its thing. that was the message from last night. let the american people make their own choices, do their own thing. and that's sort of in a broad sense what romney is talking about. dagen: it was great to see you. >> thank you. dagen: coming up next hour john challenger on his new layoffs report and what the candidates need to say about the mess. connell: here we go. 18 electoral votes and no state was mentioned more in the debate last night than ohio. dagen: liz claman live from cleveland for day one of open for business. liz? liz: well, from politics to business, cleveland and ohio, look at this, we are at the rock and roll hall of fame where 100 million dollars of tourism money comes through these doors every single year,
. david: also one of america's greatest living economists tom sowell will join us with his take on the tax debate we'll hear about tonight. lauren: we'll tell you what drove the markets today with the data download. stocks edged higher on stronger than expected economic reports. all three major indices closing in the green but well off of session highs. eight of the 10 s&p sectors posting gains. telecom and consumer discretionary were the top performers today. we saw fallback in energy as well as materials. those lagged. the payroll services firm, adp, said the economy added 162,000 private sector jobs last month. that topped estimates of 143,000. now the august number, that was revised down by 12,000 to 189,000. of course we have to look ahead to the big government jobs report to flesh this all out on friday morning. >>> the services sector that expanded at its fastest pace in six months in september boosted by a pickup in new orders. the institute for supply management nonmanufacturing index that looks at 18 services industries increased to 55.1 last month from 53.7 in august. david: all
have a full screen that shows his tax plan. he showed that he wanted across the board tax cuts for everyone. to make it revenue neutral depends on economic growth across the board. i believe in that. if you lower taxes that increases growth. that is the school of economic thought i studied. do you think the average american person believes if you lower rates across the board you can keep revenue the same or even raise it, if the economy agrees? >> well i think they believe that if, with the important addition that governor romney laid in there which was, he was going to in essence, pay for it, to make it revenue neutral, close loopholes, deductions, credits for the wealthy. average american looks attacks system, finds it too cumbersome, too expensive. and believes it is riddled with deductions and loopholes benefit the wealthy. that sinks with the populist attitude of americans. he made the point we're in bad economic times. now is not the time to raise taxes on anyone, particularly small businesses which, i think was very attractive feature of last night's debate. melissa: i w
: what do you think of mitt romney who he added more detail to the tax cut plan that he would get rid of special exemptions, allowances, what you talked about, like limit deductions to $17,000 total tops? >> well -- neil: made the prospects of tax rates going down to 20% to a lot of people less favorable, that they say, well, am i really going to do so well under this? what do you think? >> well, you don't have to use the horrible word that gets grover norquist to lose his mashbles while he wonders around the world and his wife cheats. neil: i take it you're not a fan? >> i'm not. anyone who signs something 15 years before the issue, you shouldn't be in congress to sign -- meal kneel no tax -- neil: no tax hike pledges? >> you don't have to do a, quote, "tax in connection -- "tax increase". you're not doing a tax increase. getting $6 billion out of ethanol, and grover calls that a tax increase. neil: you think the time came to face the american people, tell them this sort of thing that we're up against romney exploited so cautiously. some think it's too late for that. do you buy that?
with tax reform is in d.c. you're our no tax guy and i want to draw your attention to one line in the story today and it will get the deficit reduction reached through revenue raising by an overhaul of the tax code. and is that code for tax increase which senate republicans could agree to? >> it's come to a tax increase, and senate republicans won't agree to it and the head of the ways and means committee in the house of representatives just made it very clear yesterday, there will be no tax increase this year by eliminating deductions or credit. and those politicians-- >> why do you think the times is floating this story? front page, top story of the day, compromise, here it comes on the budget, tax increases. >> for all of 2011 they told us that the simpson bowles gang of six were about any moment now to put in writing some budget deal that would raise revenue, they never say taxes, oddly enough, but raise taxes to get revenue and cut spending some way down the road, maybe they think about it. and that was-- they talked about that all year, and it was never true. when we finally made the
card. two tax cuts that were not paid for. stuart: all right, i'm making the judgment that romney won. it's not just me, however, the perception that romney won this debate is widespread. even among the liberal media. headline from "the washington post" "rejuvenated romney hammers obama on his economic record" the los angeles times "a lackluster obama, a revived romney". unabashed obama supporter chris mathews was even disappointed with his guy. >> where was obama tonight? i don't know what he was doing out there. he had his head down, he was enduring the debate rather than fighting it. james carville, also noticed a new attacking style from romney. quote, mitt romney came in with a chain saw. and this tweet from bill maher. >> i can't believe i'm saying this, but obama looks like he needs-- he does need a teleprompter. well, coming up at ten o'clock. the top of the hour, eastern that would be, we will talk to brent about the media coverage of this debate. here is a question for you. by ten o'clock eastern, will the establishment media have rallied around the president, will they have
is going on. >> and apply taxes and rules again this type of domination through high frequency trading through a particular set of security, in the particular case you are making about, maybe 500 securities in several seconds how to did te deter it. lou: in fractions of seconds. yet we hear nothing from timothy geithner, nothing of any real substance from the sec. there was are -- forgive me for being nostalgic. a president had sufficient cred bitty and trust oty and -- credd trust on wall street he could talk to leaders of the exchanges and the firms and say, folks, this is not the way we are doing business issue we'll do it this way, it is for your good in business and as a county that is impossible right now? >> similar to what you suggested about relationship between the exchanges on one hand. and high frequentty trading firms, one problem with federal government is that, they are so entangled with wall street with their 16 primary dealers, and all of the credible, not inside information in the way in which one talks about that when is illegal, but you can say they can front run th
a scam of capitalism. why not get rid of the company's and lower taxes for everyone? >> we never give out cash measure on how and expensive. we just give conditional incentives temporary tax relief. >> you have to do it to compete. to give up politician a checkbook is dangerous do anything new want to bring jobs to the state. they could be gone when the bill comes to do. you can win without doing that the seven think you governor daniels now rated number three and the most improved state not to maine court in new hampshire or north dakota. >> we are gaining on them. >> what about housing for amtrak or the post office? ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. john: did you go to the post office website? we do. since then franklin was appointed the first postmaster the post office has grown and changed with america. patriotic. i
. acorn. they used to get millions of tax dollars. that video, doing things like helping a pretend panpipe from the law. john: congress killing their funding. so acorn is gone except that they are not on. they just changed shapes. as dan epstein of the taxpayer watchdog group cause of action. what do you mean? >> my organization has been looking at acorn in is reprinted affiliate's of the past year, and we have seen that there are now 1704 groups out there, at least some of which including the mutual housing association of new york here in new york city are getting taxpayer dollars. yet we don't know if they're actually doing anything with that money. john: its new groups. not the same thing. >> the same directors, the same tax i.d. numbers, the same employee edification numbers. in many cases the same employees >> congress cuts them off and they just change names. >> i can tell you that when i were to the house oversight committee as an investigator we went to the inspector general's office, and an auditor told the committee staff when we found direct evidence of acorn housing misusing fe
, all of that money in the system in terms of pay roll tax will not come back to you. we are disincenting people to work . we have to raise it and index it to life expectancy going forward. >> i will quote from mitt romney for president website rick, >> i do that all of the time. >> for future generation of seniors mitt believes it should be slowly increased to account for increases for longevity. >> i am congentitally social? they are both right. we do have to raise the age . there is no getting around it. we need to remove the caps. this is the most regressive tax and stopping at $110,000. >> it would be regressive if the raise the caps. >> if you did raise the caps how much of a tax increase would that be? >> i haven't done the math. but i can agree with rick raise it but only in the grand bargain make all taxes at a flat rate. if you had 15, 16 or 18 percent. then yes, remove the cap on social security and everybody would be paying a flat rate. network we are escaping something and maybe for another discussion . but done you think you could hanle your money better tha
into the numbers with the president of the tax foundation. find out what it is for you and our country here on fox business. 0t[h7 [ male announcer ] this is joe woods' first day of work. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from the great northwest. he'll start investing early, he'll find some good people to help guide him, nd he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. >> market is down 30 points. we were talking to david kotok at beginning of show how many investors got out of the market. what is mistake it is because stocks are up 9%. >> people looking at true fundamentals true health of the global economy can't really deny that, tracy. melissa: that is the juice market is running. tracy: you guys talked a lot about it. a lot of hedge funds closed up shop on september 30th, called it a day and wrapped it up with a nice little bow. w
teeth in the republican primaries when he said he was going to cut taxes? >> we recall that he is the etch-a-sketch die. we always have to wonder which mitt romney is going to show up. if you continue to lie, or seek another. >> the president referencing a study by harvey rosen, to claim that governor romney is not being straight with the voters about his tax proposal. harvey rosen wrote exactly i can't tell how the obama campaign reached that characterization of my work. under plausible proposals along the lines, governor romney can be revenue neutral and keep the net tax burden on taxpayers with those about $200,000 of income about the same. so why would the president's campaign resort to these tactics? why raise the level of vitriol and insult and in what has already been called the dirtiest campaign in recent presidential history? the answer appears to be simple and obvious. the polls show that governor romney overwhelmingly one the presidential debate, by a historical margin. the impact of his victory is driving governor romney's poll numbers radically higher. this brand-n
. the third voice, hey, let's eliminate income tax, corporate tax. let's abolish the irs. let's replace all of that with a one federal consumption tax. i am embracing the fair tax, which think is really the answer to american jobs, in a 0 corporate tax rate environment. i say the private sector creates tens of millions of jobs. melissa: we know what you would bring to the table. can you handicap for us what you think the other two guys are going to do tomorrow night? who has got the strength? who has got the weakness? how will it come out? >> let me offer a prediction. either one of them get elected, we are going to find ourselves with a heightened police state. we're going to find ourselves in a state of continued military intervention that has resulted in hundreds of millions of enemies to this country that but for those military interventions would otherwise not exist. and that we find ourselves in a continued state of spending, and debt that are absolutely not sustainable. my prediction. melissa: we know that from polls that you trail both candidates by a pretty wide margin. there is an
.4 #% unemployment. >> romney pounded biden for stating the administration's goal yesterday of a trillion dollar tax hike on those earning more than 200,000 or $250,000. >> they have been squeezed and buried. >> he did not talk about the 47% who don't pay income taxes expect a handout. he renounced the statement last night once and for all. >> completely wrong, and i absolutely believe my life has shown i care about 100%. >> they hope the remarks put the matter behind him, but to prevent that, democrats spent today announcing new talking points to keep it alive. lou? lou: thank you very much. carl cameron, chief political correspondent. joining us for more on this final month before the election and what changed since the debate, carl rove joins us, the head of the american cross roads, former adviser to president bush. good to have you here. start with, first of all, that pempsz. you and i have not had the chance to talk since then. governor romney was simply dominating. >> yeah. just from the opening bell to the final wimper. he was in charge. who was that guy? he was funny. he was aggressive. he
. going to fix the fiscal clef and to tax reform at the same time. >> here is what i could see happening. some of your colleagues have mentioned this. you punt for six months. you delay the tough decisions, whether barack obama as read elected or mitt romney is for next year. >> i think their is a high likelihood that we extend the tax relief. this tax -- well, -- neil: the bush rates for everyone. i do believe that what happened. >> he bought it last year. neil: yap. no way now. >> we need him to lead, we don't need them to throw cold water on what could be i think the something where we do get together. the best time to get together is presidential election. i think there will be a bigger appetite for it. neil: an appetite for the more conservative members of your party? closing loopholes. not a tax hike. pan more taxes. there might be an appetite on the part of your democratic colleagues. in other words, after the elections dogmatic bygones are bygones. if you look at that looming debt and deficit, as far as the eye can see, i think we all realize that in negotiated settlement is goin
and education. thank you so much. we will look forward to that next interview. taxes front and center of last night debate. a look at romney's plan. what gets cut and where the revenue would come from. lori: let take a look at metals like we do every day at this time. silver is also gaining ground. copper is flat. i think people feeling better about the economy. gold is a precious metal trade. we will be back with more after this. ♪ ♪ melissa: one of the hottest topics in last night's debate was taxes. especially that romney's plans. he has answered some of his critics giving other details of his plans. rich edson is in washington with more on this story. this was one of the big talking point last night for sure. >> yes, it really was. he is leaving most of the details of to congress. predicting what it would actually do. here is what we do know, romney reduces taxes by cutting marginal rates by 20%. repealing the amt. the tax policy center says all that means is tax cuts of $480 billion in the year 2015. the obama campaign will divide that by ten and there is a $5 trillion tax cut figure
have to find $900 billion of tax increases or cost reductions. i think that mitt has to press president obama on what his plan is to do that. he has steadfastly refused to cut costs. that portends $900 billion of tax increases. our economy simply is not going to recover quickly with that hanging over its head. mitt's plan is more cost reduction. president obama is much, much bigger. income prehensably large tax kin p increases. people think letting bush tax cuts on people earning over $250,000 is the answer to the problem. that is $50 billion a year. if you cut capital gains and estate tax it is another 50 dal billion a year. that doesn't cut it. melissa: congressman, do you think the governor should go into numbers like that? i'm a thumb members gal. i like to see what is really happening. i'm not sure the rest of the american public can sort through the math? should he talk about the real picture of the economy and talk about passionately. which do you think is better case for the economy? >> no doubt he will talk about unemployment north of 8% for 43 months. no doubt he will talk abo
Search Results 0 to 49 of about 95 (some duplicates have been removed)